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Tomorrow's Alert: WDRP
Good evening members ,
The last time we profiled WDRP it was a big double digit winner. And this time the setup looks better than ever...
Wanderport Corp (WDRP) is trading on bullish technical's, has pulled back to long term support and has massive buying support under its current price - making this trade a "no-brainer"
WDRP made a big move higher a few months ago, and it has since pulled back to long term support. Now it is consolidating nicely at support waiting for another push higher.
Check out the chart below. We think with support in at these levels, we could start to see a strong move back towards recent highs of $0.01. That is 300% upside from here.
Based on the support / resistance levels I see, I believe WDRP could be an excellent risk v reward trade at these levels.
And the great news is that WDRP is liquid with a tight level 2 spread.
We are also expecting some news from WDRP tomorrow, which usually acts as a catalyst for a nice trading day.
For those fundamentally focused traders out there, here is some background info on WDRP...
WDRP does business in the ever so hot cannabis sector.
Specifically, WDRP is an investment holding and incubator company with primary focus on consumer products and services and the emerging cannabis industry.
Green Organic Holdings, a wholly owned subsidiary of Wanderport, is CannaLife's exclusive master distributor for the state of Nevada and a general distributor for California. They also distribute their flagship product Canna Energy, a hemp infused beverage, in the state of Washington, Oregon and Colorado.
Recently WDRP announced they had signed the Asset Purchase Agreement to acquire key assets of CannaLife's primary distributor, Titan Distributing.
Subsequent to the Letter of Intent, the parties agreed to change the transaction from an equity purchase to an asset purchase. Under the terms of the agreement, the Company will not assume any liabilities and will receive:
- All of Titan's accounts and distributors in the State of Colorado, New Mexico, California, Oregon and Washington
- Exclusive distribution rights in Colorado, Oregon and Washington
- Brokerage fees for all national accounts secured for CannaLife
- Preferred product pricing
- Option to purchase up to five percent equity in CannaLife
The Company is continuing its discussion with CannaLife on additional partnership arrangements which include but not limited to operations, resource management, marketing, business development and a larger equity stake in CannaLife.
You can read more about WDRP on their website www.wanderportcorp.com
Wanderport Launches Online Store WanderportStore.com with New Hemp Beverages
SANTA MONICA, Calif., Aug. 17, 2015 /PRNewswire/ -- Wanderport Corporation (OTC Markets: WDRP) is pleased to announce that the Company has launched its online store at www.wanderportstore.com to offer hemp based products to retail customers throughout the U.S.
 The initial line of products includes CannaEnergy™, DuBe® energy shots and Cannabissimo Coffee™. CannaEnergy™ is infused with 50mg of hemp seed oil and available in Original, Mango and Blueberry flavors. Dube® hemp energy shots are filled with B-vitamins and amino acids with zero calories and zero sugar. Available in natural berry flavor, the shots are infused with Hemp Pro 70 protein powder. They are GMO and gluten-free. Imported from Italy, Cannabissimo Coffee™ is a premium, full flavored blend of hemp seeds and the finest roasted ground coffee beans from South America, Africa and India. All products contain zero THC and are legal for sale throughout the U.S.
The Company has recently made some adjustments to its operations to enhance sales and profitability. It has moved beyond distributing solely CannaEnergy™ to include other hemp related products as well as extending it channels to e-commerce. The Company is also placing more emphasis on saturating well defined populous regions and demographics with sales and marketing efforts. The adjustments should result in better sale through and reorder rate.
"Our goal has always been making the products widely available at the local stores. With the extension of the online store, our products are now conveniently available to everyone, from small rural communities to large metroplexes," said Eric Brown, CEO of Wanderport Corporation. "We are looking to expand our offering by continuing to search the market for the finest hemp products available. Furthermore, we are working on our own brands which we plan to introduce sometime in the fourth quarter," added Brown.
Read in full at http://finance.yahoo.com/news/wanderport-launches-online-store-wanderportstore-123400801.html
To summarize, we think WDRP could be a very favorable risk v reward trade in the short term with tremendous upside potential.
Please do your own due diligence now and be ready to trade at the opening bell. The Editor Massivestockprofits.com Disclaimer
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